Ghosted after 7 interviews at Morgan Stanley

I understand if I am not the right person for the role, but don't understand the disgusting lack of professional courtesy.

These types of practices need to end.

I will never apply to a role with them or respond to a recruiter who is shilling them ever again.

Comments (56)

Mar 20, 2022 - 7:42pm
Incoming cfa level 1 charterholder, what's your opinion? Comment below:

This happened to me. 8 interviews lol A buddy of mine also went through a process at MS and ended up getting the role only after reaching out to HR a month later and telling them he got another offer and will accept it unless they give him an offer that same day.

Array
  • 1
Mar 20, 2022 - 7:46pm
Premia, what's your opinion? Comment below:

Sorry to hear. A bit unprofessional but pretty common.

Array
Mar 20, 2022 - 9:38pm
wsomaster, what's your opinion? Comment below:

Yes, I won't fuck around with MS ever again. I flew to NYC twice, and used 5 days of vacation.I was told I would have an offer and started planning for a relocation.

I am sure you think that line is funny, but I don't, I will never pursue anything with MS again.

  • Intern in IB - Gen
Mar 21, 2022 - 9:28am

I think you should have mentioned in your original post that you were essentially given a verbal offer. That changes things a lot.

Most Helpful
Mar 20, 2022 - 11:09pm
NoEquityResearch, what's your opinion? Comment below:

Wrote a post about this a while back, "Ghosted? You will have the last laugh"

You had 7 interviews at MS. So I presume that you're a pretty qualified candidate who will be working in the industry under a different bank or firm very soon. Really dumb of them to behave this way simply out of self-interest as it's pretty likely that your paths will cross again.

  • Consultant in IB - Gen
Mar 20, 2022 - 11:22pm

Thank you, it is just so frustrating and shortsighted.

I honestly wouldn't have minded if they said, "we are going on another direction" or "sorry we found a more qualified candidate", but to say they are preparing an offer then disappear for two months and find out from a friend the role was filled; that hurts and is low class.

It feels a lot like dating in SF

Mar 21, 2022 - 9:51am
Klavin, what's your opinion? Comment below:

I never understood why it was a trademark of IB recruiting to ghost their candidates instead of sending a courtesy rejection via email or a quick HR phone call. This recruiting process demands so much respect and courtesy from their candidates. How unreasonable is it to expect the banks to show a smidge of their own?

  • Prospect in IB - Restr
Mar 21, 2022 - 11:19am

Happened to me with MS as well. Gave me a verbal offer than retracted 1 month later. 

  • VP in IB - Gen
Mar 21, 2022 - 1:16pm

HR are the bouncers of the corporate world.  They're not too bright and are used mostly for low value-add tasks but get an inflated sense of self-worth because they essentially serve as gatekeepers.

  • Analyst 2 in IB-M&A
Mar 21, 2022 - 1:34pm

How involved HR actually is though for laterals?

Fully agreed for internships, they can do whatever tf they want...

Mar 21, 2022 - 2:30pm
sick_willy, what's your opinion? Comment below:

It's unfortunately quite common across finance in general. Best advice is to not dwell on it / take it personally. Make your decision on not pursuing future roles with them but don't let it impact your mood or take up time in your mind. 

Mar 21, 2022 - 3:01pm
ENlGMA, what's your opinion? Comment below:

One time I had five interviews at Goldman.  After the fifth they said I was put through to the final round which I would have to fly to London for in person.  Didn't hear back for weeks despite multiple follow ups with HR and interviewers.  Six months later after I got another position I received an automated rejection email.  It's an unfortunate hallmark of the industry that these companies feel so entitled that they have no professional courtesy.

  • Analyst 1 in IB - Gen
Mar 21, 2022 - 4:00pm

Same experience with MS. 5 interviews and then completely ghosted

  • Associate 2 in PE - Other
Mar 21, 2022 - 5:38pm

These guys think they're so great despite the industry bleeding talent left and right. Definition of delusions of grandeur.

Make it to the top and tell them to kick rocks when they try to recruit or pitch their worthless services to you in the future.

Mar 21, 2022 - 5:39pm
barackobama3, what's your opinion? Comment below:

Happens.

Was ghosted after 8 at GS. Later found out they hired my colleague, one year my senior.

  • VP in IB-M&A
Mar 21, 2022 - 5:52pm

This has happened numerous times, the worst was I took a day off to interview for a super day. Turns out got through a 60% of the interviews and found out the back half of my schedule couldn't make my interview so wanted to reschedule another half day the next day. I was very annoyed that I took a day of PTO then had to make up another excuse as to why I was out the day after as well. 

All this and then got ghosted, I emailed the HR then called and actually got my HR rep on the phone - I think I caught her off guard and she said she would call me back. To my surprise she never did. 

  • Associate 3 in IB - Gen
Mar 21, 2022 - 6:09pm

Have a bud who went through ~15 interviews with MS and they gave him the offer after he said he was going somewhere else...

  • Prospect in IB-M&A
Mar 22, 2022 - 10:26am

Little Off Topic but I need help :(

After final round, status updated to "Additional Interviews" but I still have to receive the mail from HR. (one week)

What does it mean? (this is for EMEA)

Mar 22, 2022 - 12:38pm
ironman32, what's your opinion? Comment below:

Do I get why people are mad about this, yes.

Is it appropriate, no. 

Is it smart, yes; therefore, I never get why people complain, they know whats going on. Its like dating, "ghosting" the girl/guy whose your second choice instead of if your first choice doesn't work out. Candidate 1 might be who MS wants, but Candidate 1 might want JPM or GS; MS doesn't want to be caught with their pants down. Whats easier for them, telling you no then coming back begging you to take the role, or knowing there's a high probability you'll be waiting in the wings and they can give you a "sorry, been crazy over here, we want to offer..."

  • Associate 1 in IB - Gen
Mar 22, 2022 - 3:07pm

Why would you go from PE to citi? Seems like most people would go the other direction...

Mar 22, 2022 - 4:42pm
GridironCEO, what's your opinion? Comment below:

large corporate bureaucracy, but as they go with the candidate of their choice, followed by an estimate 2 weeks of negotiations/winning candidate weighing and accepting the offer, followed by an additional 2 weeks of background check/ followed by the candidate joining the firm 2-3 weeks later. That is a 1.5-2 months ghost period. Firms unfortunately have to be 100% certain that their candidate of choice does join the firm before they can inform you of their decision not to move forward with you. In the event that something happens with their original candidate of choice, it would be a huge set back for them to have already declined all their other candidates. 

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!
  • 3
Mar 23, 2022 - 12:45am
NotTheTarget, what's your opinion? Comment below:

Happened to me with CS after reaching the final round interviews. Got a generic automated rejection email 6 weeks later though.

  • Analyst 1 in IB - Cov
Mar 23, 2022 - 10:24pm

Can confirm. never heard back after going through multiple rounds with them.

  • Associate 2 in PE - Other
Mar 24, 2022 - 12:09pm

I recently went through a similar experience for a mid-level position at a name brand HF and was baffled. Completed eight interviews, including with senior management, and passed a very detailed case study somewhere in the middle of the process. Throughout it all received timely and encouraging feedback from the HH running the process on how much they liked me, thought good fit, etc. Process was very well ran and I was never waiting around for more than a day or two to hear about the next round. At the conclusion of the last interview was told they wanted to complete background and reference checks before extending an offer. I received notice the background check had cleared, but after over a week none of my references had been contacted yet. HH hadn't heard anything. After 2 weeks I reached out to the fund's HR who I had also been in touch with and didn't hear back, but the next day got a call from the HH who told me the fund had basically "changed my mind" and cited some obscure concern about my case study that I had never heard until that point, which was surprising given the positive feedback from the team on it. 

Absolutely baffling and extremely inappropriate in my opinion. But such is life 

  • Associate 2 in CorpFin
Mar 24, 2022 - 12:14pm

Raymond James has been known to ghost candidates as well - it has happened quite a few times to my close friends and network. I don't think the blame is entirely on HR; instead, I think that at least one of the members of the team that interviewed a candidate can at least spend 5-minutes drafting a kind rejection email as opposed to leaving a candidate in the dark who likely spent hours preparing. 

7 rounds of interviews leading to getting ghosted is insane. I feel for you!

Not like this means anything but I do think that the world works in mysterious ways and hopefully something positive comes to you in return for this in the near future!

  • Prospect in IB-M&A
Mar 26, 2022 - 1:24am

Same experience but with Q. Shits whack but ig it shows how much competition there is.

  • Prospect in IB-M&A
Mar 26, 2022 - 1:24am

Same experience but with Q. Shits whack but ig it shows how much competition there is.

  • Prospect in IB-M&A
Mar 26, 2022 - 1:24am

Same experience but with Q. Shits whack but ig it shows how much competition there is.

  • Prospect in IB-M&A
Mar 26, 2022 - 1:24am

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  • Prospect in IB-M&A
Mar 26, 2022 - 1:24am

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